Texas Insurance Code

§ 887.503 — APPROVAL BY MEMBERSHIP

IN § 887.503Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part E. MUTUAL AND FRATERNAL COMPANIES AND RELATED ENTITIES · Ch. 887. PROVISIONS APPLICABLE TO CERTAIN MUTUAL ASSESSMENT COMPANIES · Art. K. CONVERSION TO STOCK LEGAL RESERVE LIFE INSURANCE COMPANY

Statute text

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An association may convert under this subchapter only if the association's membership votes to approve the conversion at a meeting called for that purpose.

Legislative history

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.